The German Government will allocate €1.3 million through the German Development Bank to support the introduction of the green hydrogen technology and develop relevant conducive legal framework in Georgia, the Embassy of Germany announced on Tuesday.
In cooperation with the Georgian Economy Ministry and the Georgian Energy Development Fund, the project on Promotion of Green Hydrogen in Georgia will also aim to expand on topics concerning the overall energy security of the country.
Giorgi Chikovani, the Director of the GEDF, said Georgia would be the first country in the region to develop hydrogen technologies, adding “this will be a further step towards promoting energy independence and help to move the energy market to a sustainable low-carbon energy supply.”
Hubert Knirsch, the German Ambassador, called the project an “important step” in the diversification of the country’s energy sector and energy security amid the Ukraine war.
The Georgian Government and KfW reached an agreement several months ago in a Declaration of Intent for the Promotion of Green Hydrogen in Georgia, which involves development of a first reference project along the green hydrogen value chain, the Embassy said.
In November, Georgia signed an agreement with KfW on the development of clean and renewable energy in Georgia, under which the study of green hydrogen potential began in the country.
KfW Development Bank has been operating in Georgia since 1993, supporting projects in the sectors of energy, environment, sustainable economic development and sustainable urban development.